In Focus: Maldives 2021 provides an overview of Maldives' tourism landscape and hotel market performance, infrastructure development, workation, long-stay tourism, guest house culture, hotel transactions and investment in 2020, COVID-19 situation, outlook and crisis management.
Industry Insights
Indian Hotel Sector: 2025 in Review
2025 was a year of steady progress for India’s hotel sector, marked by strong domestic demand and the ability to absorb disruption without losing momentum. Here’s a closer look at what shaped the year.
Sustainable Hotel and Resort Development in the Caribbean: Strategies for a Resilient Hospitality Future
For hotel and resort developers, owners, and operators, the mandate is clear: sustainability is no longer a differentiator but, instead, a central pillar of long-term competitiveness and asset protection. This article examines the strategic, operational, and design considerations that define successful sustainable development in the Caribbean.
HVS ANAROCK MONITOR, December 2025
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
HVS Global Perspectives – Year-End 2025
In this article, we provide the market opinions of key HVS global leaders in many different regions of the world. HVS operates across the world, and regional leaders are keenly aware of the dynamics and trends that are influencing performance, profitability, and value.
Paid Publication
HVS MarketCast Report
Order the HVS MarketCast Report for a five-year forecast of annual occupancy and ADR for any desired market area in the U.S. Let HVS do the work of poring over economic indicators, recent market trends and market insights, changes to existing supply, and the entrance of new supply for a forecast of future performance.
$750 Single Market (Bulk Discounts Available)
The tailor-made HVS MarketCast Report assists hotel owners, property managers, and asset managers in forecasting future property performance by having a well-developed HVS market forecast for comparison. Enhancing the forecasting process is essential to setting the right plans in place to optimize a lodging facility’s profitability, and the HVS MarketCast Report can help.
Data are by year for the selected market area:
- Occupancy
- Average Rate (ADR)
- RevPAR
Summary insights that influenced the forecast are also included. The file is provided in PDF format.
For more information or a sample report, please contact Rod Clough at [email protected].
Hotel Profitability in Transition: Cost Pressures and Budgeting Priorities for 2026
Recent HVS data show gross operating profit margins declining broadly, driven by increases in labor, operating standards, and shared-service allocations. With ADR growth anticipated to flatten, revenue can no longer absorb rising costs. As hotels convert less revenue into profit, owners must rely on active asset management, benchmarking, and operational realignment to protect NOI in 2026.
Paid Publication
HVS U.S. Franchise Fee Guide, 2025 Edition
The HVS U.S. Franchise Fee Guide is a study authored by industry experts and based on extensive research and analysis of the hotel franchising industry. Selecting an appropriate franchise affiliation for a property should include extensive research and investigation by an investor.
Our findings encompass a total of 93 hotel brands, as franchisors for 20 economy,13 midscale, 19 upper-midscale, 21 upscale, and 20 first-class brands participated in this annual analysis. The study highlights the importance of partnering with the right franchise company and is an essential resource for anyone interested in investing in the hotel industry or looking to expand their existing portfolio.
Hotels are complicated investments. The information presented in this guide was developed to provide insight into franchise-fee structures and should not be relied upon by an investor for any purpose other than as a preliminary resource. The study results are not necessarily indicative of the impact a brand may have on an individual hotel’s overall profitability because the benefits of the franchise affiliations have not been analyzed, only the costs. Furthermore, the study does not reflect or address the operating results of any one brand or any particular brand affiliation upon any single hotel property.
Our U.S. Franchise Fee Guide is meant to illustrate a basic comparison among franchise fees charged by participants. HVS has extensive experience with assisting clients in selecting the appropriate franchise affiliation for their proposed or existing hotels. Our services also include assisting with or managing the negotiations in coordination with experienced attorneys and other industry professionals. For more information on this publication or brand selection in general, please contact Kannan Sankaran at [email protected] or +1 (703) 508-1749.
Houston Hotel Submarket Performance: Nominal Gains and Real-Dollar Context
Greater Houston’s lodging market is stabilizing, with distinct performance differences across submarkets. While 2024 posted strong results lifted by major events and weather-related displacement, inflation-adjusted levels show that real-dollar gains over 2019 are more modest. As 2025 has unfolded, differences between the city and outlying submarkets have become clearer as the market returns to more typical operating patterns.
Grand Rapids, Michigan: A City on the Rise
Named the number-one “City on the Rise” in 2025 by LinkedIn, Grand Rapids is supported by major healthcare, grocery, and manufacturing employers. Several major developments are set to reshape the city’s landscape and strengthen hotel demand in the years ahead, including a new riverfront amphitheater, a professional soccer stadium, and an airport expansion.
Israel’s Tourism and Hospitality Outlook – From Recovery to Reinvention
This article examines Israel's tourism and hospitality industry, hotel investment and transactions market and the likely speed of recovery following the end of the war. It also discusses to what extent Israel's operational resilience, strategic flexibility and the untapped potential of the Abraham Accords will allow its tourism industry to recover.
Thought Leadership
We have written thousands of articles about all aspects of hospitality, including hotel valuations, investing, lending, operations, asset management, and much more.
Since early March 2020, Greater Kansas City hotels have suffered unprecedented declines in demand, similar to most cities in the United States, because of the COVID-19 pandemic. How much of an impact has the market experienced, and how quickly can this market recover?
The Market Snapshot: Asia Pacific 2021 highlights an overview of transaction activity in the region and presents 26 cities’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.
Due to travel restrictions, Staycations flourished as one of the few remaining sources of leisure demand. We interviewed hospitality experts and conducted a survey to gather data on consumers’ behavior and hoteliers’ response with regards to Staycations in Canada and beyond. Through this article, we share innovative strategies hoteliers can use to develop competing Staycation packages aiming to attract one of the identified Staycations subsegments: Dreamers, Explorers and Business Staycationers.
The COVID-19 pandemic has accelerated the technology and virtual reality scene in every industry, including travel and tourism. With border restrictions in place, many are not able to travel. Hence, tour companies have introduced online travel experiences to showcase a destination, culture, event, various classes and many more. Is virtual travel the new way to travel? Will virtual travel replace the need for physical travel altogether?
In Focus: Singapore 2021 provides an overview of Singapore’s tourism landscape and hotel market performance, infrastructure developments, hotel transactions and investment in 2020, covid-19 situation, outlook and crisis management.
Since the onset of the COVID-19 pandemic in March 2020, the lodging industry has experienced unprecedented declines in demand. The Greater Gatlinburg market mirrored these declines in March and April – but soon after realized significant rebound in lodging and tourism demand. So, what is causing the swift recovery in Gatlinburg?
Since early March of 2020, Greater St. Louis-area hotels have suffered unprecedented declines in demand, similar to most cities in the United States, because of the COVID-19 pandemic. How far has the greater St. Louis hotel market fallen? How does this compare to the last recession? What will the recovery look like?
While Panama City Beach’s 27 miles of white sand beaches and emerald blue waters have remained unchanged since the 1950s, this market’s identity and economic landscape have undergone many transformations over the last two decades. This destination’s willingness to transform, its flexibility in the face of hardship, and the natural beauty of its beaches and beyond are what make Panama City Beach a truly resilient market with virtually unlimited development potential.
While the hospitality industry is going through one of the roughest years of recent history, it is crucial that strategic decisions are taken considering all aspects of an owner – operator partnership. This guide features 100 operators in over 47 countries and territories in the Middle East & Africa, and aims to guide owners in understanding the scale, presence and capabilities of operators in this region.
Robust demand in urban centers continues to drive Canadian hotel values despite high interest rate environment.